A new or expanding business may apply for an economic exemption for improvements to real property and or tangible personal property not already on the Palm Beach County tax roll. Exemptions can be granted for one to ten years, depending on Board approval and project factors.
Who can apply: New businesses, or expansions of existing businesses, that demonstrate positive economic impact, including job creation and maintenance.
Minimum qualifications and key requirements
- Job creation, when using an ad valorem tax exemption, the criteria document states a new or expanding business must establish 10 or more new jobs.
- Wages, new jobs must pay an average wage above the current average annual wage for such jobs in the area.
- Deadline and fee, the County page lists a March 1 annual filing deadline and a $2,000 application fee.
Program Page: discover.pbc.gov/Tax-Exemption-Program
Program Criteria: PDF
DR 418 Economic Development Ad Valorem Property Tax Exemption Form